What is Ripple and is it the next big Cryptocurrency

The Cryptocurrency world is In a crazy frenzy right now everyone is going nuts for Bitcoin and Ethereum which you are probably seeing everywhere right now,!!

Deep in the background though not far behind Bitcoin and Ethereum there is a dark horse gearing up to go on one almighty gallop and break into the biggest race the world has ever seen to become the best global payment system.

The coin I am talking about is Ripple, which is designed to help financial institutions transact money between one another in seconds. Ripple will dramatically change the way we transact money across he world.

Ripple has been sitting under the radar at pennies on the dollar for some time now, yet it sits fourth in the marketplace with the largest market cap at nearly $9bln and the price only 0.23c right now.

When I discovered and joined Ripple a few years ago the price was 0.04c so seeing it mature and gaining vast credibility and such a strong following is just incredible.

I truly believe Ripple has the power to be one of the biggest coins in the marketplace. (which is just my opinion)

Ripple has the potential to go head-to-head against digital currencies like Bitcoin and Ethereum. Why?

XRP the currency tag for Ripple has a clear use case,

“It is one of the largest digital assets by market capitalization and is designed for use by financial institutions as an on-demand liquidity solution for cross-border payments.

For example, payments into emerging markets can require multiple currency traders — added costs — or pre-funded local currency accounts — which often results in trapped capital. Instead, payment providers and banks can use XRP to fund these payments on demand, without intermediaries, at up to 60% less cost to settle.”

Speed is another factor which comes into play. XRP is also the fastest, most scalable and secure digital asset.

“XRP today can process up to 1,500 transactions per second on the XRP Ledger, which is supported by a community of trusted validators and a team of full-time engineers that actively develops and maintains the ledger,”

Ripple CTO Stefan Thomas said. “Unlike other public blockchains that select validators via mining, XRP Ledger’s validators are chosen by users and hosted using enterprise-grade infrastructure, making it the only enterprise-ready blockchain today.”

So what are the benefits of Ripple and what sets this currency apart?

“Ripple is the only blockchain network with real customers – who have signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use,” said Thomas.

Ripple also recently announced it is growing its product suite, including xCurrent, xRapid and xVia.

“We are growing to serve our global customer base and now have offices in San Francisco, New York, London and Sydney – and a joint venture with SBI Ripple Asia to serve Asia,” said Thomas.

Mathew Pulickel, Senior Vice President, Emerging Technology at WorldLink, said: “We believe Ripple’s network will revolutionize commerce in the future and the way our customers do business, and that’s why we have chosen to run a validator node on the XRP Ledger”

The fact that 60 banks are now in the process of commercially deploying Ripple’s enterprise software—among them Bank of England,Santander, Royal Bank of Canada and Mitsubishi UFJ Financial Group just to name a few —reflects the company’s drive to,become one of the biggest Cryptocurrencies in the market place.

Here are just some of their customers already…

The company’s larger vision is to build an “internet of value,” a global internetworking system for money—would be tremendously disruptive to the status quo of international banking. In this system, monetary value could flow seamlessly from a bank ledger to a public blockchain to a mobile money system—all interoperable and working together to move money from one side of the globe to the other.

In other words, Ripple doesn’t just want to help banks make cross-border payments. It wants to make the world’s assets liquid. If Ripple has its way, it will do more than knock out Swift; it will have found a way to make money move like information.

In April, the Spanish bank BBVA completed a series of international money transfers between Spain and Mexico using Ripple’s distributed ledger technology. The transfers took mere seconds, BBVA said, as opposed to the four days it normally takes for such international transfers to clear.

But there are signs of progress. In March, Ripple announced that a consortium of 47 Japanese banks had successfully completed a pilot with its enterprise software. Twelve more banks have since joined the consortium, and they are planning to deploy a commercial version of the blockchain solution at scale in October 2017. Ripple’s software is now touching 40% of customer banking accounts in Japan,

Ripple’s Inter-Ledger Protocol (ILP)

With Ripple and ILP, banks can leverage unlimited scalability and complete transaction privacy. This comes in addition to all of the existing advantages of Ripple’s distributed financial technology.

Ripple is thrilled to introduce the Interledger Protocol (ILP) for efficient payments across payment networks.

Time and again, we’ve heard from banks that Ripple changes the game—providing banks the ability to transact directly, instantly and with certainty.

Ripple ILP completed a test in which the company sent ether—the native coin of the Ethereum network—to the Ripple consensus ledger; the ether was received as XRP in a Ripple wallet. It was therefore “both a cross-ledger and a cross-currency transfer,”

Ripple’s Cryptocurrency XRP is today the world’s fourth largest digital currency by market capitalisation. Ripple’s big idea is to use XRP—once its market cap gets high enough and it is being traded heavily enough—to provide banks with liquidity on demand. During a transaction, a fiat currency like the U.S. dollar would be converted by market makers into XRP and almost instantly swapped back into another fiat currency, like British pounds, on the other side.

So as you can see the technology behind Ripple is just incredible and I truly believe this is one to watch. The only problem I do see is that they have far to much supply already in circulation with 38 Billion coins on the market at present & the price is still extremely low does that harness the future price?

Or is the Technology so good that it will push through and become the giant it deserves to be?

Only time can tell….,,

Conclusion

Ripple is a technology that could change the banking infrastructure and the way we send payments around the world with the Most scaleable and fastest payment system in the market today.

Ripple is being tested with some of the biggest financial institutions in the world and passing with flying colours.

There is LOTS of potential for further growth with Ripple especially once this comes into full flow and the banks are using this on a daily basis the sky is the limit.

I know I am adding more Ripple to my Portfolio if you choose to do the same that is up to you.

Disclaimer – This is not financial advise in any way it is just my opinion. And no one else’s.

The future is certainly bright for Ripple & I believe we will be hearing lots more about this coin very soon.

What are your thoughts on Ripple?

Leave us a comment below and share and like if you got value from this post.

Many thanks

The Crypto Pro’s

P.s if you would like more info on anything we do with This subject or Cryptocurrency please get in touch we would love to connect and hopefully work with you too.

https://m.facebook.com/thecryptoprosfanpage/Twitter @TheCryptoPros

Youtube https://www.thecryptoprostv.info

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How to start your Cryptocurrency Journey & Purchase Bitcoin, Ethereum & Litecoin

It is exciting times in the Cryptocurrency space right now & I am seeing so many new people wanting to start their journey, but do not have a clue where to start. So in this post I will be talking about how to start your Cryptocurrency journey and purchase your first Bitcoin, Ethereum & Litecoin.

Here is the info for you explaining what we do and how you can get started.

As you know Cryptocurrency is booming right now and is the hottest trend on the planet as we speak.

Yes you got it right it’s a great time to be looking at this and starting your journey.

First thing you are probably best to do is go to Coinbase and register your account here

https://www.coinbase.com/join/561c0bbfc2ab30611d0001b4

(You will need passport/ Driving licence / proof of address to verify account)

You can follow instructions here..

Once you have set up your details & verified card you can then go to buy and purchase your bitcoin, Ethereum & Litecoin.

Sometimes Coinbase can be a little slow so another option is

Bitpanda www.bitpanda.com.

Follow instructions here –

https://thecryptoproezine.com/2017/05/27/how-to-purchase-ethereum-via-bitpanda/

Let me know once you have gone through the whole site and I can show you how to get started if you need help.

2- I would download exodus to your computer follow this tab here, this is a safe way

To keep your coins safe, so know one can get them.

https://thecryptoproezine.com/2017/06/27/what-is-the-exodus-wallet-and-how-does-it-work/

3- Read my blog

www.thecryptoproezine.com

4- Follow my fan page for all updates and news on the industry

https://m.facebook.com/thecryptoprosfanpage/

My websitsite explaining what Cryptocurrency is –

Http://www.thecryptopros.com

My YouTube is with tons of info for you.

www.thecryptoprostv.info

If you want to create real wealth in the Crypto space the best bet s to put your money into mining, this is where you are creating the coins. You are basically putting the capitial up, for the equipment and energy needed to bring the coins into circulation.

A company handles everything for you, but the money you put in goes into a 2 year contract and every week the system will deposit a certain amount of coins into your wallet, depending on how much you put in.

You can attain your coins at a very deep discount and you are gaining coins each week into your portfolio so it’s a very good option for long term potential gains.

This could be something you can look into for long term gains and a way to save money, which is 100% better than any bank.

Let me know what you want to learn more about this and we can start your education even further but that should be loads for you there for now to look through and study.

Have a great day and message me if you get stuck,

let’s chat soon

Create coinbase account here

https://www.coinbase.com/join/561c0bbfc2ab30611d0001b4

Joby

The Crypto Pro’s

Bitfinex exits the USA after tough new regulations

The USA government regulations are getting worse and worse towards Cryptocurrency & making it harder for anyone to partake, it's becoming a joke now as Bitfinex trading platform gets shut down from USA members.

More sad news for USA Cryptocurrency trading fans which really makes me angry to hear such a good platform like Bitfinex is now not allowed to operate in the USA because of these new regulations that are being implemented.

I swear they just make up rules as they go along.

Members have 90 days to clear all their portfolios and if you have and US holders of ethereum ERC20 tokens have only 5 days to stop trading them on the exchange.

Leading bitcoin exchange by USD volume, Bitfinex, announced on Friday that it is exiting the U.S. retail marketplace. Effective immediately, the exchange no longer accepts verification requests for U.S. Individuals.

Now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

The bankers are a running scared to what Cryptocurrency is going to achieve & do them and are doing everything they can to try and keep their power.

This is a clear sign of what is going within the industry inside of the US right now!!

” Bitfinex admitted that “compliant banking solutions for U.S. individuals remain elusive.” Consequently, the exchange stated.

Bitfinex expects the U.S. Regulatory landscape to be even more challenging in the future. “Exchanges based in the U.S. are better positioned to properly service retail U.S. Customers,” it wrote.

In addition, the exchange also announced that U.S. customers will no longer be able to trade ERC20 tokens issued through initial coin offerings (ICOs) on the exchange. This part of the changes will commence at noon UTC on August 16.

The U.S. regulatory agency, the Securities and Exchange Commission (SEC), announced in a report the organization conducted research on the current state of Initial Coin Offerings (ICO) which reported the days of all these token sales and the “Wild West” ICO period is likely coming to an end.

The report conveyed a few key statements that established that U.S. federal securities laws would apply to ICOs and digital token sales. Due to the past six months of ICO excitement, raising millions of dollars in crowdsales based off of the Ethereum protocol.

Any Organization Failing to Comply With U.S. Securities Laws Will Be Held Responsible..

"The SEC’s decision reinforces what the blockchain industry already knew: Federal securities laws apply to all new types of technologies,” Nerayoff told Bitcoin.com.  

If anything sold has the characteristics of a security, one must follow U.S. securities laws. This is the case for all technologies. And it should be expected that any organization that fails to comply with the requirements of U.S. securities laws will be held responsible.

It is now clear that some digital currencies will be viewed as securities, depending on how the tokens or coins are structured. Now we’ll see what happens as companies attempt to fit within the SEC’s guidelines.

CONCLUSION

It seems we can not even breathe without the SEC wanting a slice of the pie in today's Crypto world. The US is shooting themselves in the foot with all these regulations and rules that they just keep making up & spoiling what could be so beneficial for millions of people.

Will they look back and regret these decisions in the future as they fight the Crypto world now, but will only have one choice in the future to join and praise the Crypto concept.

What are your thoughts on Bitfinex getting shut down and all these rules the US have to play by?

The Crypto Pro's

P.s if you would like to know how to make money with Cryptocurrency please get in touch here..

https://m.facebook.com/thecryptoprosfanpage/
Twitter @TheCryptoPros
Youtube https://www.thecryptoprostv.info
Blog www.thecryptoproezine.com
Website – www.thecryptopros.com

Bitcoin moves into new realms and Bitcoin cash is born

The day has finally come that has been on the cards for so long, which sees Bitcoin moves into new realms and Bitcoin Cash (BCH) is born.

In this blog post I will cover what all this means and works for you. So do not worry by the end of this you will get a better understanding and will learn about the future of Bitcoin.

Earlier today a subset of bitcoin's miners began operating a different software in order to create a competing cryptocurrency called Bitcoin Cash. The move would effectively find a minority of users forging ahead with their own blockchain, one that shares a transaction history with bitcoin.

As previously reported, Bitcoin Cash – which raises the size of the network's transaction blocks while doing away with other capacity upgrades – is being advanced as an alternative to existing scaling efforts. Some of those who backed prior efforts aimed at raising the block size have since moved to support Bitcoin Cash.
Yet the split is far from complete.

Thus far, that hasn't happened, and some observers believe that it could take hours or more for that block to be created. In the meantime, the original bitcoin chain has continued.

So the fork has begun and the chain has split in two, this means we now have the original Bitcoin – BTC which price still sits around $2700 a coin. Considering that everyone thought the price would drop dramatically it holds tight for now.

Only time will tell how this will be effected.

Bitcoin Cash has started trading around $200 a coin and hopefully it will grow just like its daddy BTC. As normal for now you can see a slight decline in price, but that is normal on first day of trading so no need to panic. just yet.

Many of the Bitcoin community are selling coins to get into Bitcoin cash such as Roger Ver who is liquidating thousands to partake into the new realm of Bitcoin Cash.

What is Bitcoin cash & does it offer more?

Bitcoin was designed back in 2009 & I don't quite think anyone could have expected what has happened and the success it has gained since, but there was some major processing problems and the System could not handle and process transactions fast enough to handle the community demands.

So a solution was needed and the core developers, miners, investors come up with Bitcoin Cash and the platform was born.
Bitcoin has now split into two different platforms.

Here are some FAQ from the Bitcoin Cash website
https://www.bitcoincash.org/

What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

Is Bitcoin Cash different from 'Bitcoin'?
Yes.  Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash.  It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

If I own Bitcoin, do I automatically own Bitcoin Cash too?
Yes.  Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of Bitcoin Cash as you did Bitcoin at the time of the forking block.  However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.

How is transaction replay being handled between the new and the old blockchain?
Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain.  This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.

Why was a fork necessary to create Bitcoin Cash?
The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second.  Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.
 
Was the 1 MB blocksize causing problems for Bitcoin?
Yes, In 2017, capacity hit the 'invisible wall'.  Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.

Bitcoin stopped growing.  Many users, merchants, businesses and investors abandoned Bitcoin. Its marketshare among other cryptocurrencies  quickly plummeted from 95% to 40%. 

Does Bitcoin Cash fix these problems?
Yes.  Bitcoin Cash immediately raises the blocksize limit to 8MB as part of a massive on-chain scaling approach.  There will be ample capacity for everyone's transactions.

Low fees and fast confirmations will resume with Bitcoin Cash.  The network will be allowed to grow again.  Users, merchants, businesses, and investors will return.

Why didn't Bitcoin raise the blocksize if it was easy?
Some of the developers did not understand and agree with the original vision of peer-to-peer electronic cash that Satoshi Nakamoto had created. Instead, they preferred Bitcoin become a settlement layer.

Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected. 

These two very different visions for Bitcoin are largely incompatible, which led to the community divide.

Which Development Team is In Charge of Bitcoin Cash?
Unlike the previous situation in Bitcoin, there is no one single development team for Bitcoin Cash.  There are now multiple independent teams of developers. 

This decentralization of development (and decentralization of software implementations) is a much needed and important step forward.

There are a few exchanges and wallets accepting the new technology where you will be able to attain your new BCH.

(If you would like any help understanding this move, please feel free to reach out and we will be happy to help you any way you can.)

Conclusion
Bitcoin Cash offers a new solution to speed up transactions that was needed to enhance this technology and concept of Bitcoin.

Another huge Crypto went through the same process with a hard fork last year and created two platforms which was Ethereum creating the classic and Ethereum platforms.

This has not stopped them creating success and moving forward.

I think that both Bitcoin communities will now continue to grow, but only time can tell what will happen.

No matter what the outcome Cryptocurrency will change the world as we know itAs time goes on technology evolves and becomes better so I think that Bitcoin maybe the time was right for an upgrade/ update to a system that was limited on what it could achieve.

Now we have to see if the community have made the right choice?

What are you thoughts on this move?

Please leave a comment and let us know.

Many thanks
The Crypto Pro's

P.s
To contact us and work with us directly please do so here –

https://www.facebook.com/cryptopros11/
Twitter @TheCryptoPros
Youtube https://www.thecryptoprostv.info
Blog www.thecryptoproezine.com
Website – www.thecryptopros.com